PLoS ONE: The Network of Global Corporate Control

The Network of Global Corporate Control, as revealed by a research group at ETH Zurich (kind of the Swiss MIT).  Their core finding: a densely connected “super entity” of 147 corporations, about 75% of which are financial intermediaries, has an amount of control which is ~10 times as great as their economic scale would suggest.  They are all majority owned by by other members of the super entity, and so have co-incident interests, and are likely to act as a bloc to protect themselves and each other, and to be subject to simultaneous group failure when under duress.  Not like this is a huge surprise or anything, but it’s nice to see it described in a quantitative framework.

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